Seeking to outpace the market, investors engage in the art of selecting individual stocks. The right picks can play a pivotal role in boosting your wealth.
Uniti Group Inc (NASDAQ: UNIT) closed the day trading at $5.36 up 0.19% from the previous closing price of $5.35. In other words, the price has increased by $0.19 from its previous closing price. On the day, 1.96 million shares were traded. UNIT stock price reached its highest trading level at $5.4 during the session, while it also had its lowest trading level at $5.22.
Ratios:
For a better understanding of UNIT, let’s look at its different ratios.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Raymond James on May 06, 2024, Downgraded its rating to Outperform and sets its target price to $6 from $8 previously.
On November 07, 2023, BofA Securities Downgraded its rating to Underperform which previously was Neutral but kept the price unchanged to $3.50.
Citigroup Upgraded its Sell to Neutral on November 16, 2020, whereas the target price for the stock was revised from $6 to $10.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 06 ’24 when Mudry Ronald J. sold 28,693 shares for $3.94 per share. The transaction valued at 113,050 led to the insider holds 513,761 shares of the business.
THE MUDRY FAM RLT bought 28,693 shares of UNIT for $113,071 on Aug 06 ’24.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, UNIT now has a Market Capitalization of 1308456448 and an Enterprise Value of 7154398720. As of this moment, Uniti’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.88, and their Forward P/E ratio for the next fiscal year is 12.95. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.29. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.10. Its current Enterprise Value per Revenue stands at 6.171 whereas that against EBITDA is 8.146.
Stock Price History:
Over the past 52 weeks, UNIT has reached a high of $6.71, while it has fallen to a 52-week low of $2.57. The 50-Day Moving Average of the stock is -6.25%, while the 200-Day Moving Average is calculated to be 12.14%.
Shares Statistics:
Over the past 3-months, UNIT traded about 2.15M shares per day on average, while over the past 10 days, UNIT traded about 1763570 shares per day. A total of 237.49M shares are outstanding, with a floating share count of 227.95M. Insiders hold about 6.62% of the company’s shares, while institutions hold 82.90% stake in the company. Shares short for UNIT as of 1734048000 were 12917603 with a Short Ratio of 6.02, compared to 1731628800 on 13856916. Therefore, it implies a Short% of Shares Outstanding of 12917603 and a Short% of Float of 7.920000000000001.
Dividends & Splits
UNIT’s forward annual dividend rate is 0.30, up from 0.45 a year ago. Against a Trailing Annual Dividend Yield of 0.08411215The stock’s 5-year Average Dividend Yield is 8.43.